Maybe I'm being a bit stupid on your comment: ??
"Why is everyone jumping up and down about the price of Nat Gas?????"
I expected Ng to go down and I still do. In fact, it is back down to yesterday's close (after this mornings 'after report') bounce as I type this.
I think I mentioned in earlier post (with the storm track image) that Irene should not really impact Ng price and if anything, all of the rain will cool things down all along the coast, save Florida, SC maybe. This should take a big chunk out of current demand, but I don't see much else that should impact Ng price.
So, my take is the storm is currently bearish to Ng. If many more Nuclear plants are shut down over flooding fears, or power outages on the grid then that would push up demand temporarily ......
But, I think your chart tells the Ng story and I think the storm is a "non event" for Ng price at the moment.
I have to run out for an hour or so, will write more if I think of anything else.